Page 30 - Companies

Talent crisis forcing companies to shell out big bucks for legal experts

Company officials said an ever-evolving regulatory environment, increasing focus on corporate governance, and constantly changing GST structures have catalysed the clamber for legal talent

Aster DM Healthcare Q2 results: Consolidated revenue rises 17.7%

On a sequential basis, the company exhibited a 3.15 per cent increase in revenue along with EBITDA, which grew 21 per cent year-on-year

Siemens to acquire 18% in Indian arm from Siemens Energy for 2.1 bn euros

With this, the company's total stake in its Indian arm will jump to 69 per cent from 51 per cent earlier

IIM Ahmedabad study finds significant improvement in firms post IBC

The study found that hotels and restaurants have had the highest recovery rate for creditors under the IBC while electricity, gas, and water supply firms have the lowest recovery rates

CP Gurnani to step down as director of Tech Mahindra on December 20

Along with Gurnani, Vijay Kumar will also step down as the non-executive, non-independent director of the company on December 20

Biosimilars growth props up Biocon Q2 PAT by 168% to Rs 126 crore

On a sequential basis, the company exhibited a 1.15 per cent increase in revenue along with PAT, which rose 23.8 per cent

M&M Ltd Q2 result: Consolidated net profit at Rs 2,348 cr; revenue up 14%

The total income for Q2FY24 came in at Rs 35,027.23 crore, compared to Rs 30,130.85 crore year-on-year, registering a rise of 16.25%

SoftBank's Vision Fund hikes valuation of Swiggy, Ola Electric, FirstCry

SoftBank's Vision Fund is also increasing its focus on companies which can benefit from the artificial intelligence revolution

Genpact CEO 'Tiger' Tyagarajan announces retirement, B K Kalra to take over

Kalra has been a leader in business transformation - the key focus area of Genpact - with more than 30 years of experience

Adani Ports Q2 result: Consolidated profit at Rs 1,761 cr; revenue up 27%

The company's revenue from operations was up 27.55 per cent to Rs 6,646.41 crore during the quarter under review against Rs 5,210.80 crore last year

Kirloskar Industries Q2 result: Net profit at Rs 91 cr; revenue down 11%

The total income for Q2FY24 came in at Rs 1,588.88 crore, compared to Rs 1,810,97 crore year-on-year

Lupin's net profit jumps nearly four-fold on strong US growth, stock up

US sales cross $200 million for the first time in two years, beat analyst expectations

Reliance Capital Q2FY24 result: Net loss at Rs 239 cr; revenue up 10%

The company's revenue from operations was up 10.29 per cent to Rs 6,392.6 crore during the quarter under review against Rs 5,795.8 crore last year

Razorpay makes Rahul Kothari chief operating officer for India, Malaysia

Fintech company that is backed by global investors is working to expand internationally

TVS Supply Chain Solutions posts loss of Rs 22 cr in Q2; revenue down 16%

The company's revenue from operations during the quarter under review was seen at Rs 2,262.9 crore, down 16 per cent compared to Rs 2,680.8 crore during the same period in 2022-23

Nykaa Q2FY24 result: Net profit jumps 50% YoY to Rs 7.8 cr; revenue up 22%

The total income for Q2FY24 came in at Rs 1,515.6 crore, compared to Rs 1,237.3 crore year-on-year

Bharat Forge Q2FY24 result: Net profit jumps 51% YoY to Rs 214 crore

The total income for Q2FY24 came in at Rs 3,826.7 crore, compared to Rs 3,122.3 crore y-o-y, registering a rise of 22.56%

Adani group said to be in talks to exit FMCG joint venture with Wilmar

This comes at a time when Adani Wilmar Ltd has been posting losses for two consecutive quarters

Sundram Fasteners Q2 results: Net profit rises 14% rise to Rs 133 crore

The consolidated earnings per share for the quarter amounted to Rs 6.28, compared to Rs 5.49 in the corresponding period last year

Olectra Greentech's PAT nearly triples to Rs 19 cr in Q2 on higher revenues

Electric vehicles manufacturer Olectra Greentech's profit after tax nearly tripled to Rs 18.58 crore in September quarter 2023-24 mainly on the back of higher revenues. In the year-ago period, the PAT was Rs 7.42 crore, a company statement said. Revenue for Q2 FY24 was Rs 307.16 crore as against Rs 177.34 crore earlier. It said the revenue grew due to increase in vehicle deliveries. During the quarter under review, Olectra delivered 154 electric vehicles, against 111 delivered in the same period of 2022-23, it stated. The company has delivered over 1,437 electric vehicles till date. Strong demand continues with the total number of bus orders on hand at 8,208 units, it stated. The company reported Earnings Per Share (EPS) of Rs 4.40 for the half year ended September 30, 2023, compared to Rs 2.95 for the year-ago period. During the first half of 2023-24, the PAT was Rs 36.65 crore, up 52 per cent, compared to the same period a year ago. Revenue was Rs 523.18 crore, up 14 per cent